Latest food industry analysis
Comprehensive coverage of the food industry's latest, breaking news brought to you by just-food's leading network of international journalists.
Initiatives aimed at involving employees in sustainability aims are now commonplace in progressive food companies, and for good reason. Ben...
Sustainability concerns pervade every aspect of a food company’s operations so opportunities and approaches to engage employees in sustainab...
It emerged this week that French dairy giant Danone could be preparing to pull its Dumex infant formula brand from Vietnam. It is not yet cl...
Prolonged economic recession, increasing competition and sector-specific challenges such as seasonality confront ice cream makers in Russia....
August saw the announcement of an eighth consecutive quarter of declining sales at Asda, the UK arm of Wal-Mart. Across the Atlantic, Canada's Couche-Tard continued its deal-making. In Europe, France's Casino outlined plans to launch the Leader Price banner in Italy. And in Asia, Japan's Aeon indicated it plans to enter Myanmar and India's Future Group set out an expansion programme for its Nilgiris supermarket chain.
Campbell Soup Co.'s shares slid in the wake of the release of the US company's annual results, which included lower sales and earnings - but improved profitability on an "adjusted" basis. The numbers revealed issues with the company's Campbell Fresh division, key to its bid to accelerate growth while its flagship business remains sluggish. The announcement also included guidance for the 2016/2017 financial year that disappointed analysts.
August, contrary to its reputation as a slow month for business news, saw some notable moves in the global foodservice sector, including Canada's Tim Hortons announcing its plan to enter the UK and Pizza Hut continuing its push in eastern Europe, while some operators on both sides of the Atlantic unveiled plans to revitalise their operations.
Food policy may not have been much discussed in the campaigns of either of the White House hopefuls so far, but when Hillary Clinton or Donald Trump takes office many of the new President's policy decisions will, either directly or indirectly, impact on the food sector. Ben Cooper casts an eye ahead to the coming four years.
Last month, after some speculation earlier in the summer, Mondelez International confirmed it was buying the licence to manufacture, market and sell Cadbury-branded biscuits around the world from UK-based Burton's Biscuit Co. Mondelez touted the "exciting opportunities" it sees ahead for the products, while Burton's, which had held the licence for 30 years, talked up the prospects for its own brands. John Shepherd takes a look at what might lie ahead.
The rate at which food products are launched in the UK has been declining. Tim Eales, director of strategic insight at IRI, suggests why manufacturers may have held back from innovating but argues they must be bold - and offers advice on how the innovative can succeed.
Mondelez International, the owner of Cadbury, Milka and Toblerone, this week announced the end of its plans to gobble up another chocolate major, US-based group Hershey. Now the prospect of a US$23bn takeover is off the table, industry watchers are speculating about what could be on the horizon for both companies. Dean Best reports.
Embattled Australian milk processor Murray Goulburn reported its full-year results this week. The company, which part-listed on the Australian stock exchange to raise capital during the period, was rounding off a difficult 12 months, during which it cut payments to its farmer-owners, issued a series of profit warnings and announced the departures of its CEO and CFO. The group's much-anticipated financial update revealed lower sales but the firm managed to hit its revised profit target, which had been lowered earlier in the year. Here are just-food's key takeaways.
Wal-Mart Stores' online business in the US has been growing but industry watchers believe the retail giant's expansion has been slower than the channel overall. The company has snapped up fledgling, pure-play business Jet.com, which recently added the delivery of fresh food delivery to its wider FMCG offer. Profitero's Keith Anderson looks at what the deal could mean for both businesses and for manufacturer suppliers.
Delivering its first-half numbers yesterday (18 August), Nestle reported a stronger operating performance but a sluggish organic growth rate. Here are just-food's five takeaways from the company's results.
The new federal bill on the labelling of genetically-modified ingredients in the US includes a critical compromise which will allow the necessary product information to be communicated through a QR code. Ben Cooper asks whether this enshrines the consumer’s right to know if GM ingredients are present or the right to find out.
Amplify Snack Brands, the US snack maker, this week announced its latest acquisition, striking a deal to buy private-equity-owned UK crisp firm Tyrrells, itself a business growing in part due to M&A. John Shepherd weighs up what could lay ahead for both companies.
Kellogg last week announced mixed second-quarter results, with growth in underlying operating profit above analyst expectations but reported revenue missing forecasts on Wall Street and underlying sales declining. However, the Special K and Pringles maker lifted its forecast for underlying earnings per share for 2016 - and raised its target for underlying operating margin for 2017/18. Its shares closed up on the day. just-food provides the most important talking points from what was a detailed announcement.
In July, Woolworths, Australia's largest retailer, saw its shares jump the most in a single day for 20 years after it announced more initiatives to improve its performance. The month also saw UK discount chain Poundland accept a takeover offer from South African retailer Steinhoff.
July saw McDonald's announce slowing sales growth in the US, hitting the fast-food operator's shares. US casual dining group Bloomin' Brands announced two deals that gave a flavour of its international strategy. And Starbucks invested in bakery chain Princi to supply its fledgling upmarket concepts Roastery and Reserve.
Consumer demand for natural and organic foods is ballooning in developed markets and the sector is expanding its appeal to mainstream consumers. As a result, the category has disrupted the increasingly fragmented food industry, challenging legacy brands that have seen sales eroded. just-food takes a look at the up-and-coming trends born in the natural food sector that are now ready to tip into the mainstream.
The Hershey Trust, which owns over 80% of the US confectioner's voting rights, has reached an agreement with the Pennsylvania Attorney General's office to settle concerns over its governance - and there could be consqeuences for Mondelez International's interest in the Reese's maker.
Tim Eales, director of strategic insight at IRI, dips into the analyst firm's latest data on FMCG private label in western Europe and looks at how own-label is faring against national brands in the region.
Mondelez International yesterday (28 July) reported its second-quarter and half-year numbers, leading to the US snacks giant's shares sliding almost 3% in the New York. The Oreo maker's operating margins and underlying earnings per share beat analyst forecasts - but growth in revenues on organic basis was weak and the company is now less certain about its forecast for annual sales. There was also plenty for Mondelez to discuss beyond the financials, notably its push into chocolate in China and its interest in Hershey.
Improving the diet of employees can boost productivity, morale and staff retention, making workplace nutrition an increasing priority for any company. But, Ben Cooper writes, the nutritional value of workplace catering at a food company is likely to be more closely scrutinised than at other companies, while the food sector has a unique contribution to make in improving workplace nutrition at large.
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- How food companies involve staff in sustainability
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